Long Island gas prices show small drop

Local gas prices have again posted a modest decline, falling 2.2 cents per gallon in the past week.

The average price for a gallon of gas on Long Island came in at $3.67 as of Sunday. While this is the third straight week of declines of less than three cents, the average retail price for gas was only 3.5 cents per gallon less than a month ago, indicating that gas prices haven’t significantly fluctuated that much recently.

Nationally, the average price of gas fell by 2.9 cents per gallon over the past week, averaging $3.43 per gallon, according to gasoline price website GasBuddy.com. While also not a significant decrease, analysts were optimistic about the national drop.

“The national average is just one penny away from being the lowest we’ve seen since the start of March, even as crude oil prices have risen,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. “Just in the last week, wholesale prices have moved 13 cents per gallon between the high and low, so it does remain surprising that average prices have moved very little.”

Looking for a good place to fill up? Head to a Valero station in Amityville.There are three of them, each selling gas for $3.47 per gallon – the lowest price on Long Island.